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What is a tidewater grid?

0:08 5:31 VA Home Loan Appraisals and How To Survive a Tidewater ... - YouTube YouTube Start of suggested clip End of suggested clip So first off what is a tidewater a tidewater with a va loan is issued. If the appraiser thinks theMoreSo first off what is a tidewater a tidewater with a va loan is issued. If the appraiser thinks the house is going to come in under. Value.

What does Tidewater mean during a VA appraisal?

The Tidewater process, which allows appraisers to request additional sale information prior to the appraisal being completed, has been in existence since 2003 (see VA Circular 26-03-11). Through the years, this process has assisted Veterans in attaining the home they desire.

Why is a low VA appraisal called Tidewater?

In simpler terms, in order to reduce the requests from Veterans to have the VA reconsider the value of a home (after an appraisal comes in low), they created a process (Tidewater) that allows the appraiser to warn the buyer (and the real estate agents) that the appraisal is going to be lower than the contract price and ...

Does VA appraiser have to issue Tidewater?

Understanding the Tidewater Initiative Every VA buyer attempting to buy a home with a VA mortgage will need to go through the process of a VA appraisal, so Tidewater Process is a huge boon to their home search. Such an appraisal may fall short of the contract purchase price.

va tidewater initiative circular

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